Advocacy
Six Surprising Facts about the Exelon/ComEd Rate Increase Proposal
Six Surprising Facts about the Exelon/ComEd Rate Increase Proposal Exelon and ComEd have introduced a new legislation (House Amendent #2 to SB 2814) to drastically raise commercial and residential electricity rates and add new charges that will total $24 billion over twenty-three years. While Exelon and ComEd have claimed the rate increases and new charges…
Read MoreWhat Exelon and ComEd Don’t Want You to Know
What Exelon and ComEd Don’t Want You to Know With electricity costs making up the first or second largest expense for BOMA/Chicago buildings, it’s crucial that we continue shedding light on Exelon and ComEd’s proposed legislation which, with its latest proposal introduced on November 15, would raise electricity rates $24 billion statewide over the next…
Read MoreA Closer Look at the Property Tax Burden on BOMA/Chicago Buildings
A Closer Look at the Property Tax Burden on BOMA/Chicago Buildings At BOMA/Chicago, we’re always advocating on our members’ behalf by regularly engaging in open, productive dialogue with key stakeholders surrounding public policy and fiscal decisions aimed at fostering a thriving Chicago. While our elected officials at the local, state and federal levels initially come to…
Read MoreRecycling Ordinance Gets Updated
Recycling Ordinance Gets Updated August 26, 2016 The City Council amended the Chicago Recycling Ordinance to provide greater clarity to property owners regarding their recycling requirements and to give city officials stronger enforcement capabilities. Under the amended ordinance, property owners of multi-unit residential, office and commercial establishments will now be mandated to provide source-separated,…
Read MoreCity funds Property Tax Rebate Program
City funds Property Tax Rebate Program August 25, 2016 With Springfield failing to act on the Mayor’s proposed doubling of the homeowners exemption, the Chicago City Council approved a City-funded rebate program to help offset the recent $580 million property tax increase. It includes a base rebate for certain homeowners, a senior supplement for…
Read MoreWhat Exelon and ComEd Don’t Want You to Know
What Exelon and ComEd Don’t Want You to Know With electricity costs making up the first or second largest expense for BOMA/Chicago buildings, it’s crucial that we continue shedding light on Exelon and ComEd’s proposed legislation which would raise electricity rates a whopping $8 billion over the next ten years. BOMA/Chicago buildings alone – making…
Read MoreIllinois General Assembly Approves New “Transit TIF”
Illinois General Assembly Approves New “Transit TIF” July 18, 2016 Legislation introduced and approved by the Illinois General Assembly on June 30, 2016 would allow for a new type of TIF district (called a “transit TIF”) to provide a new financial tool intended to help the City of Chicago and the CTA with funding…
Read MoreFinally a State Budget… Sort Of
Finally a State Budget… Sort Of July 18, 2016 The Illinois General Assembly succeeded in passing a “stop gap” budget to avoid, by a few hours, the distinction of going a full 12 months without a fully enacted budget. The measure will allow the State to keep agency operations intact for the next six…
Read More2016 Illinois Legislative Wrap-Up
2016 Illinois Legislative Wrap-Up July 1, 2016 The regular session of the Illinois General Assembly adjourned on May 31 with no resolution to the budget stalemate that had log-jammed many other major legislative proposals and created an unusual, but increasingly familiar, political dynamic in the state house. Nonetheless, BOMA/Chicago’s legislative team was quite busy during…
Read MoreCPS Legislation Provides Pension Payment, Levy Increase
CPS Legislation Provides Pension Payment, Levy Increase June 30, 2016 The other shoe appears ready to drop on the unresolved CPS pension issue. A House amendment to Senate Bill 318 allows the City of Chicago to impose a new property tax levy for Chicago Public Schools (CPS) pensions. The record $580 million property tax levy…
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